BTCAnalysis: Consolidating sideways, awaiting furtherdevelopmentBitcoin / U.S. dollarBITSTAMP:BTCUSDChuck_WilsonThe market is currently in a calm period on the eve of a major turning point. Despite the ongoing geopolitical risks (the situation in the Middle East), Bitcoin has demonstrated remarkable resilience, even outperforming some traditional safe-haven assets. The market's focus throughout the day was on today's Federal Reserve interest rate decision and Powell's speech, leading to cautious trading sentiment. Support zone: $71,400 Defense level: $70,200 If the price breaks below the above range, this will be a key psychological level to determine whether the trend has weakened. Resistance: $74,900 - $75,000 This is the upper limit of the current sideways trading range and a key price level that the bulls need to break through as their first target. The 4-hour chart shows that Bitcoin is currently in a sideways consolidation phase at high levels since its rebound from $68,000. Although the upward structure remains intact, the upward momentum has clearly weakened after failing to break through $76,000. The daily chart remains constrained by the long-term downtrend line, and a true reversal still needs confirmation. MACD indicator: The hourly MACD shows weakening momentum in the bullish zone, with signs of a potential death cross and correction; the daily MACD is still in the bullish zone, but the red bars (momentum bars) are starting to flatten, indicating a pause in the upward trend. RSI indicator: Currently between 50 and 60, it has moved out of the overbought zone and returned to a neutral to slightly bullish position. This means that if the price breaks upwards, there is still room for further movement; if it breaks downwards, there is also room for further movement, and neither the bulls nor the bears currently have an absolute advantage. Trading Strategy Before the interest rate meeting, consider buying low and selling high within the $71,400-$74,900 range, while strictly adhering to stop-loss orders. We welcome all traders to share their opinions, and let's move forward together in this market. BTCUSD BTC1! BTCUSD BTCUSD BTCUSD